Friends of New Jersey Heritage

Analysis

Friends of New Jersey Heritage is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of New Jersey Heritage reported income of $99k and spending of $97k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $99k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of New Jersey Heritage sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Gallery 263 Inc ($99k), Summit Project ($99k) and Gujarati Samaj Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.